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Eurazeo Sells Majority Stake in Nest To North Castle Partners

Retains minority ownership along with Nest Founder Laura Slatkin.

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By: TOM BRANNA

Editor

Global Investment company Eurazeo has sold its majority ownership position in Nest New York in a transaction that values Nest at approximately $200 million. Under the terms of the transaction, an investor group led by North Castle Partners will purchase a majority stake in the home fragrance company, with Eurazeo and Nest Founder Laura Slatkin retaining minority ownership positions. Following the close of this transaction, Eurazeo's invested equity capital will yield a return of appro...

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